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During 2021, a company sells 470 units of inventory for $87 each. The company has the following inventory purchase transactions for 2021 Date Transaction Jan.
During 2021, a company sells 470 units of inventory for $87 each. The company has the following inventory purchase transactions for 2021 Date Transaction Jan. 1 Beginning inventory May 5 Purchase Nov. 3 Purchase Number of Units 80 268 185 533 Unit Cont $75 76 Total Cont $ 6,000 20, 368 14,430 $40,798 78 Calculate cost of goods sold and ending Inventory for 2021 assuming the company uses the weighted average cost method. (Round weighted-average unit cost to 4 decimal places. Round your final answers to the nearest dollar amount.) Cost of goods sold Ending inventory
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